Govt changes cannabis production policy
THE government, through the Health ministry, has offered all local and foreign investors venturing into cannabis production a 100 percent ownership of their farms and licences to improve competitiveness.
“Following Cabinet decision and a high-level meeting; a policy change enabling investors to hold 100 percent ownership of medicinal cannabis licences was made in order to improve the competitiveness of the sector both regionally and globally,” Moyo said in the letter.
Moyo added that having noted the need for pragmatism in this matter; Alternative Health OJs (AHO), a government company which is being administratively managed by the Health ministry, will initiate the termination Of Joint Venture Agreements, ceding 40 percent ownership and resignation of AHO directors from the Special Purpose Vehicles (SPV) with immediate effect.
However, the recreational use or possession of the drug remains illegal.The National Assembly and Senate will sit in turns starting from today to ensure social distancing amid the Covid-19 outbreak.